-level database for EU member states. To indicate competitive pressure at the firm-level, markups are estimated following De Loecker … (2011), and De Loecker and Warzynski (2012). The analysis reveals a sharp drop in markups during the crisis, followed by a … the US, there average markups have climbed to pre-crisis levels already in 2011. There is significant heterogeneity among …

This paper analyzes the effects of mergers and acquisitions on the markups of non-merging rival firms across a broad … production functions, we estimate markups as a measure of market power. Our results indicate that rivals significantly increase … their markups after mergers relative to a matched control group. Consistent with increases in market power, the effects are …

We estimate structural, materials, and labour markups for the South African economy at the three-digit industry level … for 2012-19. The fall in structural labour and materials markups found for the numerical majority of industries are … smaller downward shifts. We show that materials-based markups are increasing over this period. Upward markup pressure in …